What Will Happen to HP Inc Next? The Stock Just Had Huge Bullish Options Activity

December 1, 2016December 1, 2016Vivian Park

In today’s session HP Inc (HPQ) registered an unusually high (10,203) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious HPQ increase. With 10,203 contracts traded and 23174 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: HPQ170519C00016000 closed last at: $0.67 or 4.7% up. About 999,299 shares traded hands. HP Inc (NYSE:HPQ) has risen 22.51% since April 28, 2016 and is uptrending. It has outperformed by 16.59% the S&P500.

HP Inc (NYSE:HPQ) Ratings Coverage

Out of 25 analysts covering Hewlett-Packard (NYSE:HPQ), 7 rate it a “Buy”, 0 “Sell”, while 18 “Hold”. This means 28% are positive. $45 is the highest target while $6 is the lowest. The $21.63 average target is 40.27% above today’s ($15.42) stock price. Hewlett-Packard has been the topic of 74 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, October 14 report. The firm has “Buy” rating given on Thursday, August 25 by Deutsche Bank. The company was maintained on Thursday, February 11 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, August 22 report. The rating was maintained by Credit Suisse on Sunday, September 6 with “Outperform”. The company was maintained on Monday, August 29 by Argus Research. Deutsche Bank maintained it with “Buy” rating and $13 target price in Thursday, February 25 report. The company was downgraded on Tuesday, November 3 by Citigroup. BMO Capital Markets initiated the shares of HPQ in a report on Friday, December 11 with “Market Perform” rating. As per Wednesday, September 16, the company rating was maintained by Monness Crespi & Hardt.

According to Zacks Investment Research, “HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities – Hewlett Packard Enterprise Company and HP Inc. The company’s focus will be on the PC and printing products and services. HP Inc. is headquartered in Palo Alto, California.”

Insitutional Activity: The institutional sentiment increased to 0.75 in Q2 2016. Its up 0.18, from 0.57 in 2016Q1. The ratio increased, as 9 funds sold all HP Inc shares owned while 12 reduced positions. 4 funds bought stakes while 8 increased positions. They now own 4.91 million shares or 18.11% less from 6.00 million shares in 2016Q1.
Ferguson Wellman Cap Mngmt Inc accumulated 11,523 shares or 0.01% of the stock. Westport Resources Mngmt holds 2,674 shares or 0.01% of its portfolio. North Star Asset Mngmt Inc has 0.04% invested in the company for 28,619 shares. The California-based Palo has invested 0.14% in HP Inc (NYSE:HPQ). Eagle Asset Mngmt has 0.01% invested in the company for 133,720 shares. Budros Ruhlin Roe holds 26,946 shares or 0.11% of its portfolio. Concannon Wealth Mngmt Llc owns 127 shares or 0% of their US portfolio. Int Value Advisers Limited Co accumulated 0.4% or 731,953 shares. Wedgewood Investors Pa has invested 0.18% of its portfolio in HP Inc (NYSE:HPQ). The Pennsylvania-based Blue Bell Private Wealth Ltd Com has invested 0.01% in HP Inc (NYSE:HPQ). Jnba Financial Advsr last reported 3,469 shares in the company. Horrell Cap Management Incorporated owns 27,389 shares or 0.3% of their US portfolio. Schwartz Counsel has 0.13% invested in the company for 102,000 shares. West Oak has 0% invested in the company for 2,050 shares. Mutual Of Omaha State Bank Wealth holds 0.15% of its portfolio in HP Inc (NYSE:HPQ) for 12,075 shares.

Insider Transactions: Since July 19, 2016, the stock had 0 buys, and 4 sales for $4.50 million net activity. Shares for $1.40M were sold by KEOGH TRACY S on Tuesday, July 19. On Monday, August 29 the insider MYERS MARIE sold $149,414.

HP Inc. is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company has a market cap of $26.82 billion. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. It has a 10.07 P/E ratio. The Company’s Personal Systems segment provides commercial personal computers , consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale (POS) systems, calculators and other related accessories, software, support and services for the commercial and consumer markets.

HPQ Company Profile

HP Inc., incorporated on February 11, 1998, is a well-known provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The Firm operates through three divisions: Personal Systems, Printing and Corporate Investments. The Firm sells to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including clients in the government, health and education sectors.

More notable recent HP Inc (NYSE:HPQ) news were published by: Wsj.com which released: “HP Inc. Posts Revenue Increase as PC Business Rebounds” on November 22, 2016, also Bloomberg.com with their article: “HP Inc. Dips on Forecast That Profit May Fall Before Cost Cuts” published on November 22, 2016, Fortune.com published: “HP Inc.’s CEO Reflects on Dell, Apple, and Microsoft” on November 02, 2016. More interesting news about HP Inc (NYSE:HPQ) were released by: Marketwatch.com and their article: “HP’s holiday wish list: Retaking the PC throne and making printing cool again” published on November 30, 2016 as well as Fool.com‘s news article titled: “3 Reasons HP Inc Stock Is Up 35% In 2016” with publication date: November 16, 2016.